ASX Small Cap Winners Feb 19-23

Nucoal (ASX:NCR) showed signs of revival this week, finishing the week at a 243 per cent premium to its Monday open price, closing at 2.3c.

NSW mining licences were stripped from the company in 2013 by former Premier Barry O’Farrell. A trade dispute over the decision has now reached the highest levels including discussion with Australian and US officials in Washington.

The value of the assets confiscated is some $131 million, and if the recent activity is anything to go by, shareholders are optimistic they’ll see a positive outcome.

Uranium miner Paladin Energy (ASX:PDN) saw a big boost after resuming trade.

The company had been in administration since 2017, after it received demands for $US277 million from a French power utility for overdue payment.

It had last traded at 4c — and this week closed at 14c.

Its return has been long-awaited — several attempts to sell its majority stake in a Namibian mine failed mid-last year.

Southern Cross Exploration (ASX:SXX) doubled its share price on news unrelated to mining.

The company holds a 49 per cent stake in a Fijian development company and told the market it had sold the first stage — worth $13.7 million.

Shares finished up 100 per cent at 1.1c.

After clarifying its business interests China-focused exporter Jatenergy (ASX:JAT) surged 85 per cent to close at 13c on Friday.

The company was halted in December after it failed to update its business activities but was back on the bourse this week and making quite the impression with investors.

It is hoping to cash in on the Chinese demand for Aussie infant milk formula through its Cobbity Country and Golden Koala acquisitions.

Organic phosphate producer Fertoz (ASX:FTZ) ended the week up 66 per cent after signing a distribution and marketing agreement with North Californian ag supplier AG Unlimited.

It told the market the move set it on a path to reach its North American sales target of 10,000 tonnes for the calendar year.

Here are the best performing ASX small cap stocks for Feb 19-23:

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ASX Small Cap Losers Feb 19-23

ASX debutant Pearl Global (ASX:PG1) fell 83 per cent in just its first week on the market.

Shares in the tyre conversion tech closed at 25c on Friday, still up from its IPO issue price of 20c.

Talk-of-the-town GetSwift (ASX:GSW) took a 76 per cent hit, to finish at 69c.

It comes after the company was served a class action from shareholders alleging breaches of its continuous disclosure obligations and deceptive and misleading conduct.

“The company intends to contest this action and legal counsel has been engaged.”

Shares hit a high of $4.60 in December — the market cap of the company has now fallen to $128 million.

A cost blowout at Carbine Resources’ (ASX:CRB) Queensland Gold project sent its share price crashing down 55 per cent to close the week at 3.5c.

An economic review of the project showed that all-in sustaining costs – that is, costs including all expenses – have increased to $862 per ounce from $549 per ounce, which was the estimate in the earlier feasibility study.

And as a result, the company will scale back to preserve crash.

Junior miner MetalSearch (ASX:MSE) closed the week down 44 per cent to 1.5c despite what it called “encouraging” gold assay results.

First drilling at its Kraaipan project returned gold grades between 1.1g/t and 2.3g/t but would be just the beginning as the next stage of exploration continues.

Fallen star MSM Corporation (ASX:MSM) took a 32 per cent hit after completing a $1.72 million placement.

Shares in the company closed down at 4.3c on Friday, levelling out to its placement issue price.

It told the market the funds would be used to push its monthly competitions and to further refine its offerings.

Here are the worst performing ASX small cap stocks for Feb 19-23:

This table may be best viewed on a laptop or desktop: